NNPC signs deals with Chevron, Shell

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Nigeria’s state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves.

The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable reserves of 211 million barrels.

 

It said a joint venture with Shell Petroleum Development Company would lead to the development of a project comprising of 156 development activities across 12 oil mining licences in the Niger Delta production hub, reports Reuters.

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